Joined
·
1,889 Posts
I was under the impression that when you finance the purchase of a vehicle, the finance company will require that the vehicle is insured... so that if the vehicle is wrecked, they will still get their money. The "vehicle" in question here would be a quad. I don't know from financing because I've always paid cash... truck (new) and my quads. I just ALWAYS insure my quad because it represents such a big chunk of money and it's so easy to have a bad crash that trashes the quad.
A tale told to me over the weekend at the SCCS race was... A guy was doing a hill climb at one of the SVRAs here in Calif on his brand new yfz450x (2 weeks old) lost it, and his quad went end over end about 300' down the hill... destroyed. He was in tears because he hadn't even made the first payment yet on a zero down deal and he didn't have insurance. Does this sound right?
The quad is the collateral for the loan and it seems to me that they'd want their collateral protected.
roadkill
A tale told to me over the weekend at the SCCS race was... A guy was doing a hill climb at one of the SVRAs here in Calif on his brand new yfz450x (2 weeks old) lost it, and his quad went end over end about 300' down the hill... destroyed. He was in tears because he hadn't even made the first payment yet on a zero down deal and he didn't have insurance. Does this sound right?
The quad is the collateral for the loan and it seems to me that they'd want their collateral protected.
roadkill